Playa Del Rey, CA 90293,7849 W Manchester AVE

$2,038,000

$2,299,000

11.4%
Est.Price: ?

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Est. payment /mo

8 Beds

6 Baths

4,075 SqFt


SOLD DATE : 03/06/2024

Key Details

Sold Price $2,038,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,075 sqft

Price per Sqft $500

MLS Listing ID 23302083

Sold Date 03/06/24

Bedrooms 8

HOA Y/N No

Year Built 1959

Lot Size 6,250 Sqft

Property Description

Rare opportunity to acquire an income generating, five-unit apartment building in the heart of Playa del Rey. With its proximity to the beach, Loyola Marymount University, LAX and Silicon Beach, the Playa del Rey beach community demands premium rents. Pride of ownership care has been given to the building, two units were remodeled in 2021 and 2022, with new flooring, kitchen countertops, bathroom fixtures and fresh paint. The other three units were updated within the last 4-6 years. The units consist of three 1 bed/ 1 bath units, one 3 bed/ 2 bath unit and one 2 bed/1 bath unit. There are five parking spaces, located in the front driveway and along the side of the building. The garages are currently being used for storage by tenants, who pay an additional monthly storage fee. There is an on premise laundry room with coin operated machines. New wall heaters have been replaced in three of the units in the last two years and there have been plumbing updates with each renovation. Owners have completed the required soft-story retrofitting. This incredible investment opportunity is a stone's throw from Playa Vista, LMU, Otis, El Segundo and Marina del Rey. ** Income data is based on current rents and expenses.

Location

State CA

County Los Angeles

Area C31 - Playa Del Rey

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Cooling None

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Driveway

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4115024010

Security Features Smoke Detector(s)

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Cory Jane Mishelevich-Birkett • Matilla Realty Inc
Bought with Subscriber Non • Non-Participant Office
agent-avatar

+1(559) 593-3088

miguelsanchez@tsret.com

7475 N Palm Ave STE 105, Fresno, CA, 93711

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